Sysco (NYSE:SYY – Free Report) had its target price lowered by Guggenheim from $95.00 to $90.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. UBS Group raised their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Barclays increased their price target on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Piper Sandler increased their target price on shares of Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.31.
View Our Latest Report on Sysco
Sysco Stock Down 0.2%
Sysco (NYSE:SYY – Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities research analysts expect that Sysco will post 4.58 earnings per share for the current fiscal year.
Sysco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco’s dividend payout ratio is presently 58.06%.
Insider Activity at Sysco
In other Sysco news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.56% of the company’s stock.
Hedge Funds Weigh In On Sysco
A number of large investors have recently made changes to their positions in SYY. Norges Bank purchased a new position in Sysco during the 4th quarter valued at about $542,780,000. Wellington Management Group LLP increased its position in shares of Sysco by 3,977.1% during the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after buying an additional 4,595,819 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Sysco by 45.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock valued at $416,472,000 after buying an additional 1,754,306 shares during the period. Mondrian Investment Partners LTD purchased a new stake in shares of Sysco in the third quarter worth about $142,237,000. Finally, Marshall Wace LLP boosted its position in shares of Sysco by 102.6% in the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock valued at $194,279,000 after acquiring an additional 1,194,815 shares during the period. 83.41% of the stock is owned by institutional investors.
Key Headlines Impacting Sysco
Here are the key news stories impacting Sysco this week:
- Positive Sentiment: High‑profile endorsement — Jim Cramer called the Jetro acquisition “superb,” highlighting strategic logic (expanded wholesale footprint, complementary customers) that supports long‑term revenue/margin upside. Jim Cramer Says “For Sysco, the Jetro Acquisition’s Superb”
- Positive Sentiment: Some analysts and screeners view SYY as oversold and a potential dip‑buy, arguing recent weakness offers notable upside if execution on the deal and cost synergies materialize. Sysco and Estée Lauder Are the 2 Most Oversold S&P 500 Stocks. Should You Buy the Dip?
- Neutral Sentiment: Deal announcement: Sysco is acquiring Jetro/Restaurant Depot for about $29B, a strategic move into a faster‑growing, higher‑margin channel that meaningfully reshapes the company’s mix. Deal Dispatch: McCormick, Unilever Merge, Sysco Acquires Jetro Restaurant Depot For $29 Billion, QVC Considers Bankruptcy
- Neutral Sentiment: UBS trimmed its price target from $95 to $90 but kept a buy rating, signaling conviction in the long‑term thesis while acknowledging execution/valuation risk. UBS Lowers Price Target on Sysco
- Neutral Sentiment: Guggenheim also lowered its target from $95 to $90 but maintained a buy rating, reflecting similar mixed analyst views. Guggenheim Lowers Target on Sysco
- Neutral Sentiment: Market coverage is mixed — some outlets urge reconsideration after the share‑price slide, while others note conflicted analyst views on consumer/foodservice names including Sysco. Analysts Conflicted on These Consumer Goods Names: Keurig Dr Pepper (KDP) and Sysco (SYY)
- Negative Sentiment: Wall Street nervousness: coverage highlights that the $29.1B price tag, step‑up in debt and potential near‑term leverage spike are driving the stock’s sharp drop and the negative market reaction. Sysco Just Announced a $29.1 Billion Acquisition and Wall Street Is Nervous. Can a 3% Dividend Sweeten the Deal?
- Negative Sentiment: Executive turnover: Sysco’s EVP & Chief Information & Digital Officer resigned, adding short‑term execution risk during an integration period. Sysco Announces Resignation of Chief Information and Digital Officer
- Negative Sentiment: Citi lowered its target despite calling the deal “accretive,” reflecting concerns about valuation, financing and near‑term returns that pressure sentiment. Citi lowers Sysco (SYY) target despite “accretive” deal outlook
About Sysco
Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.
Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.
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